Gabriel Resources Completes Second Closing of Private Placement

Gabriel Resources Ltd. has announced the completion of a second closing in its non-brokered private placement, raising approximately US$185,000 from Swiss Capital S.A. clients. This brings the total raised to approximately US$2.51 million. Each of the issued 3,181,552 units includes one common share and a warrant to purchase an additional share at C$0.11, exercisable until 2031.

The proceeds will support essential operations and the pursuit of annulling an ICSID arbitration award. The securities are subject to a Canadian hold period, and the Offering requires final TSX Venture Exchange acceptance. A subsequent closing is anticipated, reliant on subscription agreements and fund receipt.